Increased
It’s a positive number
Given that <span>Kathy
wants to buy a house at least 2,500 square feet in size. She looks at
Pat's house. Pat honestly and reasonably believes the house has 2,600
square feet of floor space, and he tells her that. Kathy agrees to buy
the house. When the house is measured, she learns that it has 2,400
square feet of floor space. Kathy can seek to rescind the contract on
the basis of Pat's innocent misrepresentation.</span>
One single payment of money, opposed to a an annuity. (a series of payments made over time)
Answer:
$5,000
Explanation:
Although the limit for two qualifying children is the lesser of $6,000 or the actual expenses, the earned income limitation may apply. The amount of qualifying expenses can not exceed the earned income of the spouse with the lesser earned income, in this case, $5,000 .
Which is why the amount of the qualifying expenses for purposes of computing the child and dependent care credit is $5,000
